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Ullswater, VIC 3318
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$515,000
market range $275K-$550K
Median Unit
$200,000
list-price estimate
Gross Yield (houses)
3.5%
1yr Growth
-
Investment snapshot for Ullswater
Ullswater has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Ullswater market and investor summary
Ullswater (VIC 3318) runs a median house price of $515K, with houses yielding a gross 3.5%. At 0.5% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.5% is neither a standout cashflow play nor a pure growth bet.
Living in Ullswater: people, income and schools
Ullswater is home to around 47 people, a count that has slipped about 5% over five years. The median age is 53, an older, established demographic, and 73% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $53,000 a year, or roughly $1,010 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 9.8 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
- Population
- 47
- -5% over 5yr
- Median age
- 53 years
- Median household income
- $53,000/yr
- Households renting
- 18%
- Family households
- 56%
- Socio-economic rank
- 4/10
- ABS advantage index
- Unemployment
- 1.6%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Ullswater
No properties currently listed in Ullswater
Search Ullswater listings →Frequently asked questions about Ullswater
What should I check before investing in Ullswater?
Ullswater has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.5% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Ullswater?
The median property price in Ullswater, VIC 3318 is $515K for houses.
What rental yield does Ullswater show?
The gross rental yield in Ullswater is 3.5% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Ullswater?
The current vacancy rate in Ullswater is 0.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Ullswater?
Ullswater has a population of approximately 47 residents, with a median age of 53.
Is Ullswater affordable to buy in?
A median house in Ullswater costs about 9.8 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Ullswater's population growing?
The population of Ullswater has fallen about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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